Chevy Volt…the Multi-Car Pileup at The Intersection of Crony Capitalism, Green Energy, and Bailouts
Posted by Andrea Ryan on Wednesday, December 7, 2011, 4:30 AM
When a large automobile corporation, bailed out by Obama only to save his precious auto unions, foists upon us a car that no one wants GM shouldn’t be surprised when their inventory *piles up*. Nor should we be surprised that the vehicle we’ve been commanded to want is a dangerous and deadly firetrap. So, what is the response of the economic imbeciles of GM’s Obama appointed board?
1. Keep it a secret from the public for almost six months.
2. After the information is revealed scramble with a public statement offering to provide loaner vehicles.
3. Scramble with a public statement offering to buy the Volts back.
4. Clarify the buy-back is not really a buy-back.
5. Crank up production of 15,000 vehicles that no one wants only to flood the market with 60,000 more in 2012.
That makes sense. But only in Obamanomics. What makes more sense is maybe all those Obama appointees who now run GM don’t have the first clue how to run an automobile company.
We saw how well defying the tenets of capitalism and sticking it to the taxpayers worked for Solyndra.
In the name of green energy, Obama commands us to like this car. Maybe next he will command us to buy it by virtue of the precedent within the Obamacare mandate. Maybe we’ll be (un)lucky and when we’re all mandated to buy health insurance, as a perk we’ll get a free Chevy Volt. At least we’ll appreciate having the health insurance when it bursts into flames with us inside it.
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ruready? commented:
Obama’s little Chevy Volt is anything but cheap, cheap, cheap,
And when I honk its horn it goes beep beep beep,
And when I drive it down the road the people stare, stare, stare,
And if it gets a short, it burns like a flare, flare, flare
P. Aaron commented:
It’s why we bought a Subaru.
JPL17 commented:
Back in the 1970′s, I was a student of the Soviet political, economic, social and educational systems. And I have to share with you that the U.S. economy under Obama is starting to resemble the dysfunctional command economy of the old U.S.S.R. Just as the USSR’s central planners ordered heads of Soviet state industries to meet the planners’ manufacturing quotas and sell at the planners’ fixed prices, REGARDLESS of the actual manufacturing costs and actual demand for the products, Obama is doing exactly the same thing here, but through a fascist-type crony capitalist system instead of one in which all industries are owned outright be the state.
And the results of Obama’s budding command economic system are the same as the Soviet’s as well. Just as central planning in the U.S.S.R. led to massive shortages of products that were underpriced and/or in HUGE demand (such as bread and household appliances), and massive overproduction of products that rusted and rotted in warehouses, Obama’s command economic system is starting to lead to shortages of some needed products (anyone try to fill a prescription lately?) and overproduction of products that no one wants (see the Chevy Volt).
In fact, the similarities between the Obama-Volt command model and the Soviet model are so obvious, I’m appalled I haven’t seen case studies comparing the two. Will academia and/or the press ever report the obvious?
Militant Conservative commented:
Obama is just Evil incarnate. This is Why America
Is repulsed by him now. Truth is coming, ya ready?
bigL commented:
Hey! the Volt is our Trabant! Ve haf become East Germany!
bg commented:
++
just a sample:
June 2009
Obama Gives Chrysler To Libya & Muammar Gaddafi
November 24, 2008
Prince Alwaleed: I Would Like To Thank US Govt For Saving My But
November 24, 2010
Prince Alwaleed Invests $500 Million in GM
[China's largest auto maker, SAIC Motor Corp., bought $500 million of
shares in the IPO. SAIC and GM have had a partnership in China since
the 1990s, where GM now sells more vehicles than in the U.S.
Involvement by foreign investors and sovereign-wealth funds is typical
for a U.S. IPO, but the issue has been closely watched at GM because of
the car maker's unusual standing as a government-controlled company.
Before the stock offering the U.S. owned 61% of GM.
The Treasury confirmed Tuesday that it received $11.7 billion in net
proceeds from selling 358.5 million of its GM common shares in the
IPO.]
==
tj commented:
I think GM should give Obie a union-made Volt limo to drive around in….
sounds like a win/win to me…
bear commented:
Golly! Just look at the dandy toxic cloud those tiny litttle green-wienie things make. I’m waiting for the riots from the lefty, anti-Americans demanding that the polluters go to jail.
No, not holding my breath. Corrupt, two-faced, criminal, incompetent…..the democrat party.
But, there’s good news! We all get to watch the progressives, as they run from the flames, claiming it’s michelle’s way of getting them to exercise.
Rachelle commented:
This is a lot like the way the old Soviet Union made the dangerous junk heaps they called cars.
Freddy commented:
Do not forget the BIG picture!
Obama wants 1,000,000+ of these cars on the road by 2015!
Burn baby burn!
burt commented:
It’s time for the EPA to fine the owner of this car for pollution!
John T commented:
The kicker?
Should you decide to return the product for a refund, you get to keep the $7,500 tax credit as our gift to you!
aprilnovember811 commented:
This is why we will never again own a GM made car. They’ve stolen money from the taxpayers, and it is all they will ever get from us. Someone needs to see if any injuries or deaths occurred in those months it was kept secret. I am waiting for the day life gets even with what’s his name in the White House, the Republicans who’ve kept silent, the courts who allowed him to do what he’s doing, and the old media, including FOX. You’re all responsible for the destruction this man who’s been lying about his identity has created. God will not hold you guiltless, neither will we.
Tim McGuire commented:
One technical point in defense of the Volt: If they drained the battery pack–like they drain the gasoline tank–before the crash test, they’d get no fire.
Or, they could start crash testing all cars with a half a tank of fuel and scary the crap out of everyone when they *all* start fires.
Let’s use some common sense, for Pete sake!
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